Better Marijuana Stock: ScottsMiracle-Gro vs. Organigram
It's been a dismal year for marijuana stocks tied to large scale cannabis producers, but ancillary businesses that serve the industry are having a banner year. A lack of profits hasn't stopped producers from outfitting their operations with products that ScottsMiracle-Gro (NYSE: SMG) has been eager to provide.
The first year of recreational sales in Canada wasn't nearly as thrilling as investors had hoped, and Organigram (NASDAQ: OGI) looks like the only big producer that avoided a growth-at-any-cost strategy. The cannabis producer's shares have lost 69% of their value since their peak in May, while ScottsMiracle-Gro is up about 65% in 2019.
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Source Fool.com
